Hi everyone,
I am looking at the smartest way to start my property portfolio. I have set up a ltd company to manage the property and the income as I am a higher tax payer and at 28 this is a project for the long term and not short term gain.
I will Ibe loaning the company £30,000 and was wondering what the best way to minimise the tax I have to pay on this. I have read that directors loans can be paid back without tax being paid on the rental income. I have read that I need to set up a second company to loan the money. I was hoping to just get some clarity on the best way to
